Two-Unit Duplex with Accessory Dwelling
New
For Sale
$209,900
2801 Jefferson Dr #A & B, Greenville, NC 27858
Separate electrical meters serve a main residence and an upper-level apartment with its own kitchen and two entrances.
Property Size1,602 SF
Price / SF$131.02
Days on Market2
Property Features for 2801 Jefferson Dr #A & B
General Information
Standard status
Active
Size
1,602 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
rear deck
fenced yard
front porch
washer/dryer hookups
Building Details
Year Built
1956
Stories
2
Listing Agency:
Remax Town & Country - Murphy
Listed By:
The Christi Hill Team
(910) 934-1174
Source:
Christihillteam
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 5 at 5:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Remax Town & Country - Murphy
Investment Insights
Based on property information with market context.
This 1,602-square-foot duplex comprises a three-bedroom, one-bathroom main residence and a one-bedroom, one-bathroom accessory dwelling unit above the tandem garage. The main home includes a living room, kitchen, front porch, rear deck, fenced yard and washer and dryer hookups in the garage. The upper unit has its own living room, kitchen, front porch and two separate entrances. Each unit has a separate electrical meter.
The property is at 2801 Jefferson Dr in Greenville, off Tenth Street and within a mile of East Carolina University. The owner currently pays for water and sewer. Built in 1956, the property can be occupied as two units or used as a home with an accessory dwelling unit.
The property is at 2801 Jefferson Dr in Greenville, off Tenth Street and within a mile of East Carolina University. The owner currently pays for water and sewer. Built in 1956, the property can be occupied as two units or used as a home with an accessory dwelling unit.
Key Highlights
- 1,059 heated square feet in the main residence; 543 heated square feet in the upper‑level unit
- Main residence has 3 bedrooms, 1 full bathroom and a tandem two‑car garage
- Upper unit offers 1 bedroom, 1 full bathroom and two separate entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,695
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$213,900
$213.9K
Cap Rate 7%
$152,786
$152.8K
Cap Rate 9%
$118,833
$118.8K
Market Conditions
NOI Build-Up for 1,602 SF
Gross rent
$16.3K $10.20/SF
− Vacancy
−$1.1K −$0.66/SF
EGI
$15.3K $9.54/SF
− OpEx
−$4.6K −$2.86/SF
NOI
$10.7K $6.68/SF
Area
Pitt County, NC
Vacancy
6.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$213,900
Cap Rate 7%
$152,786
Cap Rate 9%
$118,833
Alternative Uses
Best Use
Multifamily LT 5
$152.8K
$133.7K – $178.3K
NOI $10,695 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$142.3K
$124.5K – $166.0K
NOI $9,960 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$348.7K
$305.1K – $406.9K
NOI $24,411 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Explore this area
Business Placement
Demographics for 27858, NC
52,857
Population
26,281
Households
2
Avg Household Size
31
Median Age
46%
College-Educated
94%
High-School Grad
61.4 sq mi
ZIP Area
861
Density / Sq Mi
$60,915
Median Household Income
$34,598
Median Earnings
$1,042
Median Rent
$233,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate electrical meters serve a main residence and an upper-level apartment with its own kitchen and two entrances.
Where is this duplex located?
The property is located at 2801 Jefferson Dr #A & B Greenville, NC.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: 1,059 heated square feet in the main residence; 543 heated square feet in the upper‑level unit; Main residence has 3 bedrooms, 1 full bathroom and a tandem two‑car garage; Upper unit offers 1 bedroom, 1 full bathroom and two separate entrances
